Intellect Design Arena Limited has announced that its UK subsidiary, Intellect Design Arena Limited, UK, has approved a Memorandum of Understanding (MOU) to establish a joint venture with UK-based ITIXA Limited, a group company of System Holdings Limited. The formal joint venture agreement will be signed soon.
The new entity is planned to be set up in GIFT City, IFSC, Gujarat, and will focus on providing AI-enabled software solutions along with bookkeeping, accounting, payroll, HR, and other business support services to businesses in the United Kingdom. The services will also extend to accounting firms, regulators, other accounting software providers, and their clients. Over time, the JV may explore additional services and expand geographically, subject to mutual agreement.
In terms of structure, Intellect Design Arena UK will hold a 50.1% stake, while ITIXA Limited will hold 49.9%, with equal representation on the Board of Directors. The companies confirmed that there is no relationship with promoters or group companies, and the arrangement is not a related-party transaction.
The move is part of Intellect Design Arena’s ongoing strategy to leverage technology and AI to offer smarter business solutions globally, while strengthening its presence in the UK market.
